President Trump plans to import more foreign beef, specifically from Mexico. This decision comes as American ranchers face a significant shortage, with the smallest cattle herd in 75 years. The shortage has led to a rise in beef prices.

Economists are skeptical that importing foreign beef will lower prices. The move is intended to address the current beef shortage, but its effectiveness is uncertain.

Further details on the potential impact of this decision are available from the source, including potential effects on the beef market and American ranchers.